Marks and Spencer Car Insurance discontinued

Marks and Spencer (M&S) has announced that they are discontinuing their car insurance policies after nearly two decades of providing coverage to car owners. This news comes as a surprise to many customers who have been loyal to the M&S brand since its launch in 1983.

What caused the decision to end car insurance?

M&S has cited the changing face of the insurance industry as the main reason for discontinuing their car insurance services. The company has seen a decrease in demand and profits in recent years as customers have moved towards more modern and cost-effective insurers. With the introduction of new technology, such as telematics and comparison websites, customers are now able to get better deals more easily.

What will happen to existing policyholders?

M&S has assured customers that existing policyholders will be unaffected by the closure and their policies will remain in place until their renewal date. Policyholders will also be able to make any necessary claims up until the policy expires. If they wish to renew their policy, they will need to switch to another provider.

What do customers need to do now?

Customers who have a car insurance policy with M&S will need to start looking for a new provider as soon as possible. There are many insurers to choose from and it’s important to compare the policies and prices to make sure you’re getting the best deal. Customers should also make sure to read the terms and conditions carefully before signing up for a policy.

How can customers get help?

M&S has said that they will be offering help and advice to customers who are looking for a new provider. They have set up a dedicated helpline and email address where customers can get advice on the best policy for their needs. Customers can also make use of the comparison websites to compare prices and policies.

What other services does M&S offer?

M&S continues to offer a wide range of other services, including home insurance, travel insurance, pet insurance and life insurance. Customers can also find a range of other financial services, such as credit cards, loans and savings accounts. M&S also offers a loyalty scheme where customers can collect points for every purchase they make.